BAKU, Azerbaijan, June 11. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, increased by $1.09, or 1.14%,
on June 10 from the previous level, coming in at $96.36 per barrel,
a source in the oil market told Trend.
At Türkiye’s Ceyhan port, the FOB (Free on Board) price of Azeri
Light crude went up by $1.09, or 1.17%, to $94.04 per barrel.
The price of URALS crude grew by $1.03, or 1.52%, to $68.90 per
barrel, while Brent Dated crude from the North Sea rose by $1.05,
or 1.12%, to $94.81 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.
